Rates are effective for how long once filed?

Rates are effective for how long once filed?

• A. 2 YEARS
• B. 30 DAYS
• C. 1 YEAR UNTIL THE FOLLOWING YEAR'S ANNUAL REPORT IS FILED
• D. 6 MONTHS

Answer: (C)

In Colorado title practice, the rates charged for title insurance are filed with the state regulator and stay in effect for one year. They remain in place until the following year’s annual report is filed, at which point new rates can take effect. This annual cycle keeps pricing stable for a full year and aligns rate changes with the regulator’s yearly review and filings. Shorter periods like 30 days or 6 months would cause frequent changes, while longer periods like 2 years delay necessary updates.

In Colorado title practice, the rates charged for title insurance are filed with the state regulator and stay in effect for one year. They remain in place until the following year’s annual report is filed, at which point new rates can take effect. This annual cycle keeps pricing stable for a full year and aligns rate changes with the regulator’s yearly review and filings. Shorter periods like 30 days or 6 months would cause frequent changes, while longer periods like 2 years delay necessary updates.